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Czech Republic’s new PM says country to not provide financing to Ukraine
(MENAFN) Czech Republic’s newly appointed Prime Minister Andrej Babis announced on Sunday that his country will not guarantee loans or provide direct financial support to Ukraine, urging the European Commission to address the matter collectively at the EU level.
In a video posted on social media, Babis aligned with Belgian Prime Minister Bart De Wever, stating that financing for Ukraine should be managed by the European Union as a whole rather than through individual national guarantees. “The Czech Republic will not guarantee loans and will not send money,” he said.
Outgoing Prime Minister Petr Fiala criticized Babis’s statement, calling it “irresponsible,” while Foreign Minister Jan Lipavsky emphasized that using proceeds from frozen Russian assets remains “the only realistic option” to secure continued financial support for Ukraine.
EU plans to fund a loan to Ukraine using frozen Russian state assets have sparked legal concerns among several member states, including Belgium, because most assets are held at Euroclear in Brussels. Russia’s central bank condemned the plan as illegal and reserved the right to take measures to protect its interests.
On Friday, the EU moved to “indefinitely immobilize” Russian assets, with EU leaders expected to decide on allocating the funds to Ukraine during a Brussels summit scheduled for December 18-19.
In a video posted on social media, Babis aligned with Belgian Prime Minister Bart De Wever, stating that financing for Ukraine should be managed by the European Union as a whole rather than through individual national guarantees. “The Czech Republic will not guarantee loans and will not send money,” he said.
Outgoing Prime Minister Petr Fiala criticized Babis’s statement, calling it “irresponsible,” while Foreign Minister Jan Lipavsky emphasized that using proceeds from frozen Russian assets remains “the only realistic option” to secure continued financial support for Ukraine.
EU plans to fund a loan to Ukraine using frozen Russian state assets have sparked legal concerns among several member states, including Belgium, because most assets are held at Euroclear in Brussels. Russia’s central bank condemned the plan as illegal and reserved the right to take measures to protect its interests.
On Friday, the EU moved to “indefinitely immobilize” Russian assets, with EU leaders expected to decide on allocating the funds to Ukraine during a Brussels summit scheduled for December 18-19.
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